EUR/USD: rebound possible with 1.0708 as target (AT)


Synthesis

Our pivot point is located on : 1.0662.

Our preference : rebound possible with 1.0708 as a target.

Alternative scenario : breaking 1.0662 will trigger a return to 1.0645 then 1.0635.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The setup is mixed. Additionally, prices are below their 20 and 50 moving averages (located at 1.0682 and 1.0697, respectively).

Technical analysis
TendencyCalculated data
Technical adviceNeutralPrices as of 06/261.0678
Basic trendBullishPivot1.0662
Bracket 11.0662Additional distance 10.0020
Bracket 21.0645Additional distance 20.0030
Resistance 11.0698Additional variation 1+0.19%
Resistance 21.0708Additional variation 2+0.28%
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